The 2018 Winter Olympic games in Pyeongchang, South Korea are less than 50 miles from the North Korean border. With ongoing hostilities between the nations, travelers may be worried. Leading travel insurance company, Squaremouth, explains travel insurance coverage when traveling to the 2018 Olympics.
Acts of War
While unlikely, if there was an act of war between North and South Korea, travelers would not be covered to cancel or leave their trip early.
Travel Insurance Advice: As an ‘Act of War’ is commonly excluded from travel insurance policies, consider getting a policy with Non-Medical Evacuation coverage which arranges transportation from a place of danger to a place of safety during civil or political unrest.
The United States Department of State ranks South Korea as a Level 1 Travel Advisory. Some travelers may think they can cancel their trip to South Korea because of the warning but most travel insurance policies don’t cover travel warnings.
Travel Insurance Advice: Travelers shouldn’t buy a policy if they’re looking for coverage for a travel warning or if they’re too scared to travel. The only way travelers can be sure to get a portion of their money back is to get Cancel For Any Reason coverage. This upgrade refunds travelers 75% of their costs if they cancel for a reason not listed in their policy, as long as they insure all of their trip expenses and cancel at least two days before they’re scheduled to leave.
Tickets to specific Olympic games can be a significant investment. If a traveler cancels or ends their trip early for a covered reason, they can get their money back for their non-refundable Winter Olympics tickets.
Travel Insurance Advice: Travelers should make sure to include the cost of their legitimate Olympic game tickets when purchasing travel insurance.
Squaremouth compares travel insurance policies from every major travel insurance provider in the United States. Using Squaremouth’s comparison engine and third-party customer reviews, travelers can research and compare travel insurance policies side-by-side.